SpaceX reported better-than-expected Q2 revenue of $7.8 billion and adjusted EBITDA of $3.5 billion, with a smaller net loss than forecasted. However, shares fell 7.5% after hours due to concerns over $18.4 billion in capital spending, mainly on its AI unit xAI, which outpaces returns. Investors are also wary of a large share overhang, as 911.5 million shares worth about $116 billion will become available for sale soon, potentially flooding the market and pressuring the stock price. This supply increase comes amid Musk's ambitious revenue targets, but the market remains cautious about the timing and impact of these share releases.
SpaceX stock has risen nearly 12% in September, trading above its IPO price of $135. However, with a significant share unlock scheduled for October 9, investors are cautious about potential price movements. ChatGPT predicts the stock could trade betw...
Elon Musk announced that SpaceX's next-generation Starlink satellites will deliver about 10 terabits per second (Tbps) of bidirectional bandwidth, with a potential path to over 100 Tbps. This leap could enable Starlink to carry the majority of the wo...
SpaceX plans to reach 5-10 gigawatts of computing capacity by 2027, potentially making artificial intelligence its largest long-term revenue source. Estimates suggest 10 GW could generate around $300 billion in annual recurring revenue if half of thi...
NASA has assigned SpaceX to launch the StarBurst satellite on a Falcon 9 rideshare mission by 2028, intensifying competition for small-launch providers like Rocket Lab. SpaceX shows strong cash flow and a robust backlog, making it a safer choice for ...
SpaceX's stock climbed 8% recently after reporting a 92% revenue increase to $7.81 billion, driven by Starlink and AI growth, but also posted a $541 million quarterly loss. The company aims for $100 billion annual revenue by year-end and a trillion-d...
